Taxmann’s Cracker – Corporate Financial Reporting (CFR) (CMA-Final) (New Syllabus) by Tarun Agarwal for Dec 2026 Exams – 3rd Edition July 2026.

Corporate Financial Reporting (Paper 18) is widely considered one of the most technically demanding papers of the CMA Final (Group IV). Taxmann’s CRACKER compresses this vast syllabus—spanning Ind AS, share valuation, business combinations, and modern reporting frameworks—into a single, disciplined ‘crack-the-exam’ resource. Designed around a “revise-then-practise” philosophy, this 3rd Edition (July 2026) by CA. Tarun Agarwal ensures candidates are perfectly equipped for the December 2026 and June 2027 examinations.

Key Exam-Prep Features

• Massive Question Bank with 430+ Tags: The chapters carry around 284 solved questions, plus 56 more in the fully solved recent papers. Each question carries exam-attempt tags (e.g., [Dec. 2015, 5 Marks; Similar Question June 2017, 4 Marks]), revealing examiner repetition.

• Tabular ‘A Quick Review’: Fast pre-question revision summaries covering objectives, definitions, recognition, measurement, and disclosure for all 19 chapters/modules.

• Categorized Practice Drill: Each chapter separates Objective Questions, Theory Questions, and Numerical/Practical Problems, so students can drill computationally with intent.

• Full Module-wise Solved Papers: Includes complete suggested answers for the December 2025 and June 2026 exams, presented module-wise for integrated practice.

Syllabus Coverage & Module Weightage

Structured strictly along the eight prescribed modules of the official ICMAI Syllabus 2022, mapped directly to the CMA Study Material:

• Module 1: Specific Accounting Standards (Ind AS 8, 12, 16, 116, 21, 23, 36, 38, 102, 108, 113, 115).

• Module 2: Valuation of Shares (Net Assets, Yield, and Fair Value methods).

• Module 3: Accounting of Financial Instruments (Ind AS 32, 107, 109).

• Module 4: NBFCs – Provisioning Norms, Accounting and Reporting.

• Module 5: Accounting for Business Combination & Restructuring (Ind AS 103) — High weightage (~23.9 avg. marks).

• Module 6: Consolidated & Separate Financial Statements (Ind AS 110, 111, 28, 27) — The largest mark contributor (~24.9 avg. marks).

• Module 7 & 8: Recent Developments in Financial Reporting (ESG, XBRL, CSR) & Government Accounting in India.

Who Should Buy This Book?

• CMA Final Candidates: The ultimate revision tool for students preparing for the Paper 18 (Group IV) examinations under the New Syllabus 2022.

• Coaching Institutes & Faculty: A highly structured, question-driven resource for setting mock exams and guiding classroom practice.

About the Author

CA Tarun Ramgopal Agarwal is a distinguished All-India Rank Holder across all levels of the Chartered Accountancy exams and a Gold Medalist in Financial Reporting in the CA Final. Holding multiple prestigious qualifications including B.Com., CS, LL.B., CFA (Level 2), and FRM, he is widely recognized as a leading educationalist.

In 2013, he founded Simply Shiksha Coaching Institute in Surat, dedicated exclusively to CMA students. With a decade of teaching experience spanning accounts, direct taxation, costing, and financial management, CA. Tarun has mentored over 25 All-India Rank Holders in CMA studies. He is an accomplished author of numerous CMA Intermediate and Final CRACKERs published by Taxmann.

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